Culver Holdings has acquired Aegis Mortgages Ltd (AML) through its wholly owned subsidiary Axinite Ltd, for £1, paid in cash.
AML, which Culver said did not trade prior to the completing, had net assets at completion of £1,000.
Culver said it's offices in Reading and Belfast would act as introducers to Culver's existing FSA regulated IFA business.
The company said the acquisition marked a further step in developing Culver's insurance broking and IFA business.
In addition, Culver said it had agreed to discharge up to £185,000 of potential liabilities of AML as part of the deal.
Responsibility for regulatory and financial issues arising out of business conducted prior to the acquisition will remain with Aegis.
